Adams Bank Chief Executive Steps Down

Jeanne Delaney Hubbard, the chairwoman, president and chief executive of Washington's Abigail Adams National Bancorp, has resigned.

Abigail Adams is a two-bank holding company, majority owned and operated by women. A statement did not give a reason for her departure. The company recently suspended its regular quarterly dividends to help weather the current economic downturn.

Hubbard served as a director since 1995, taking over as CEO in 2005.

No successor has been named. The company said it is "in the process of evaluating potential replacements for President and Chief Executive Officer."